- More than 56 companies have formally objected to the OKX-ICE tokenized stock trading platform that operates under a 5-year SEC exemption.
- Amazon, Tesla, Netflix, and SpaceX are among the most prominent objectors; companies have a 30-day window to file their objections.
- Tokenized SpaceX shares generated over $1.08 billion in trading volume on Backpack exchange since the company’s June 2026 IPO.
- ICE President Pat Cuomo remains confident, saying the market will see “more and more companies participate” over time.
The six new companies that have added their names to the list are Amazon, Tesla, Netflix, SpaceX, SoFi Technologies and Lam Research. On the 30th of October, there were 50 opposing companies.
OKX-ICE Partnership
This partnership creates a unique regulated 24/7 trading environment for tokenized US stocks. The partnership has received a special five-year innovation exemption from the SEC. This allows the tokenization of stocks listed on NYSE and other exchanges, creating a 24/7 platform. Listed companies are granted the right to object during the 30-day period.
Corporate Objections
Over 56 companies have objected to their stocks being tokenized during the 30-day objection period. From concerns regarding regulation, investor protection and how they will be treated under regulation. SpaceX, which has already seen high volumes of trading in its tokenized shares, have joined Amazon, Tesla and Netflix in formally objecting to having their equities on the platform. However, supporters of the project believe that they have seen real success with the level of take up.
🚨NEW: Six more issuers have objected to having their shares tokenized through the @okx/@ICE_Markets TSV:
Tesla
Amazon
Netflix
SpaceX
Lam Research
SoFi TechnologiesThat brings the total number of objections to 56, including five of the Magnificent Seven.
Why the objections, @elonmusk and @anthonynoto?
— Eleanor Terrett (@EleanorTerrett) November 3, 2026
Source: okx.com
Confident Project Future
Pat Cuomo, President of ICE, said that he is confident with the future of the project. He said that whilst there are objections, “More companies will come on board as we get clarity from regulators…”. The partnership between OKX and ICE is seen as a vital step in bridging the gap between traditional equities and DeFi. Supporters of the project believe that it will bring liquidity and access to markets worldwide through tokenizing equities.
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